Experts talk about investor-state dispute settlements, which allow fossil fuel companies to bring multi-billion dollar lawsuits against countries that pass green policies.
The proposed India-EU Free Trade Agreement is likely to focus on investment liberalisation, while keeping investment protection and arbitration out of the pact, to be negotiated separately in a bilateral investment treaty.
This treaty marks a significant step in Venezuela’s recent trend of executing BITs, particularly following its withdrawal from the ICSID Convention in 2012.
The government of Kenya has officially terminated its bilateral investment treaty (BIT) with the Netherlands, marking a significant win for economic justice and environmental protection.